#EURJPY @ 140.696 extends the recovery north of the 140.00 yardstick. (Pivot Orderbook analysis)

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• EUR/JPY extends the recovery north of the 140.00 yardstick.
• The continuation of the rebound targets the weekly high at 144.04.

The pair currently trades last at 140.696.

The previous day high was 140.4 while the previous day low was 138.06. The daily 38.2% Fib levels comes at 139.5, expected to provide support. Similarly, the daily 61.8% fib level is at 138.95, expected to provide support.

EUR/JPY adds to Wednesday’s bounce and manages to advance to multi-day peaks near 140.70 on Thursday.

Considering the ongoing price action, further upside should not be ruled out. That said, if the bullish impulse gathers steam, the cross should meet the next up barrier at the weekly top at 144.04 (September 20).

Looking at the longer term, the constructive stance is expected to persist while above the 200-day SMA, today at 135.77.

Technical Levels: Supports and Resistances

EURJPY currently trading at 140.6 at the time of writing. Pair opened at 140.32 and is trading with a change of 0.2 % .

The pair is trading below its 20 Daily moving average @ 141.77, above its 50 Daily moving average @ 139.13 , above its 100 Daily moving average @ 139.26 and above its 200 Daily moving average @ 135.76

The previous day high was 140.4 while the previous day low was 138.06. The daily 38.2% Fib levels comes at 139.5, expected to provide support. Similarly, the daily 61.8% fib level is at 138.95, expected to provide support.

Note the levels of interest below:

• Pivot support is noted at 138.78, 137.25, 136.45
• Pivot resistance is noted at 141.12, 141.93, 143.46

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